Newmark secures $400m Freddie Mac Tenant Advancement Commitment for Comunidad Partners
Newmark has secured a $400 million Tenant Advancement Commitment (TAC) on behalf of borrower Comunidad Partners, a vertically integrated real estate investment firm specializing in workforce and affordable housing in culturally diverse communities throughout the United States.
TACs are a contemporary form of competitive financing offered by Freddie Mac to private-sector operators who agree to self-impose rent restrictions, helping to preserve or create affordability at properties that do not have regulatory rent or income restrictions. As part of this innovative program, multifamily borrowers also provide resident social impact services at each property.
“We are honored to continue our mission of creating and preserving affordability in multifamily housing through our partnership with Freddie Mac. This effort aims to ensure working families are able to live in high-quality homes that will provide housing stability and improve access to opportunities that enrich thei